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October 3rd, 2011 
FAKE NEWS for the Zionist agenda 
Amanda Cooper and Jan Harvey
Reuters
Oct 3, 2011
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
European stocks slid nearly 2 percent .STOXX, while U.S. crude futures fell 2.1 percent and palladium dropped 3.3 percent to hit one-year lows after Greece said it will miss the deficit targets set in July.
Gold has assumed a more habitual trading pattern of rising in times of uncertainty after staging its largest monthly drop since the credit crunch of 2008 in September as the escalating Greek crisis prompted investors to seek safety in the dollar.
Spot gold was up 2 percent at $1,655.19 an ounce at 1350 GMT. U.S. gold futures for December delivery were up 2.2 percent to $1,657.40 an ounce.
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One Response to “Gold rises for third day after Greece rocks markets”
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“Seek safety in the dollar”? If our dollar is more safe than any other currency in the world, the world is in “A World of Hurt”. Do those investing morons think that because we can just print money, (currency), that it is safe? When we lose the dollar as the Reserve Currency of the world commodity exchanges, it won’t be worth a cent. Then what will they do?
They may have to follow Austria in putting in some sort of exchange where gold can be used as currency. You do know that currency is not money? Currency is only an IOU, so we have been trading IOUs instead of money since the fed made all paper currency denoted as Federal Reserve Notes. It has been a long time since America had any money. If you think what is supposedly in Fort Knox would cover all the currency in circulation, you’d be sadly mistaken. It won’t even come close, and that’s provided that what is in there is actually solid gold and not Tungsten doped bars.
To go to any type of metal as money, such as going back to the Gold Standard, the price of gold would have to go through the roof, just to support all the currency in circulation. If you’ve got any, hang on to it.